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Las Vegas saw 40.8 million visits from tourists in 2023 up 5.2 per cent on 2022 -this has grown significantly since


the early 1970s with just seven million visitors and not far off the 42.5 million in the pre-pandemic year of 2019.


Monthly visitation never dropped below three million in 2023 with a peak of 3.6 million in March.


LAS VEGAS


Te Las Vegas metropolitan area saw its population grow by nearly 16 per cent between 2011 and 2019 whilst the tourism and gaming are the largest economic powerhouses in Las Vegas area. Tere’s been a shift with more affluent people


moving to Las Vegas and taking advantage of Nevada’s no income tax rules. Since 2020 the Vegas metro area has added more than 71,000 residents bringing the total to around 2.33 million. Meanwhile, Las Vegas saw 40.8 million visits


from tourists in 2023 up 5.2 per cent on 2022 - this has grown significantly since the early 1970s with just seven million visitors and not far off the 42.5 million in the pre-pandemic year of 2019. Monthly visitation never dropped below three million in 2023 with a peak of 3.6 million in March. Around six million people attended conferences


(up almost 20 per cent annually) whilst convention visitors spent around $1,520 per trip – collectively $9.1bn. In 2021 the Las Vegas Convention Centre was


expanded by 130,000 sq.m and large-scale events are said to be one of the reasons Vegas has shown the strongest recovery among the top 25 US market in terms of room revenues. Las Vegas airport logged its third busiest month


in June last year serving five million passengers whilst the Brightline West high-speed rail line from Las Vegas to Los Angeles is also under con- struction. Tis will connect to a commuter rail line in Southern California providing an alternative to


air travel between Southern California and Las Vegas. Te 218-mile and $12bn rail system is ex- pected to be completed by 2028, ready for the Summer Olympics in LA. Direct visitor spend in Las Vegas in 2023 reached an all-time high of $51.5bn, up 14.7 per cent on 2022 and above 2019 spend of $36.9bn, whilst the total economic impact of the tourism sector was $85.2bn. Clark County gaming zone saw gaming revenues of $13.48bn of which the Las Vegas Strip is re- sponsible for almost $8.3bn. Te sector saw a 55 per cent drop in visitor


volume during the pandemic whilst a 78-day closure of casinos in Las Vegas resulted in a loss of more than $6.2bn. But since the pandemic spending has increased superseding pre-Covid levels. Sixteen per cent of visitors to Las Vegas were


making the trip for the first time compared to 84 per cent who were repeat visitors. In 2023 there were 62 gambling locations reg-


istered in Las Vegas Strip with 2,611 table games with a revenue of $4bn. Tere were 35,200 slots with a revenue of $4.8bn totalling $8.9bn GGR – up more than seven per cent on 2022 data. In Downtown Las Vegas there were 23 locations


with 385 table games and revenue of $288.6m and over 10,100 slots and revenue of $620.9m totalling $909.5m – up 3.3 per cent on 2022. With 154,662 hotel rooms in Las Vegas and an


average occupancy rate of 83.5 per cent in 2023, Las Vegas is the largest hospitality market in the US – with 15 per cent more than Orlando. Te Las Vegas Strip is the main pulsing artery


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